EIN 81-5139940

The Venture Mentoring Team

IRS 501(c) type
501(c)(3)
Num. employees
1
State
Year formed
2016
Most recent tax filings
2023-12-01
Description
The Venture Mentoring Team fosters the startup community by training and credentialing mentors and connecting them with entrepreneurs to help startups reach their full potential. They recruit, vet, and train mentors and mentor startup companies.
Total revenues
$127,210
2023
Total expenses
$184,487
2023
Total assets
$206,709
2023
Num. employees
1
2023

Program areas at The Venture Mentoring Team

The vmt operates Mentoring chapters hosted by community partners like universities and economic development organizations. We offer a comprehensive Mentoring program that includes extensive mentor training and certification, ongoing support, and resources for both mentors and mentees. Our mentors volunteer their time to help entrepreneurs navigate The challenges of building and scaling their businesses. The vmt also engages in collaborative fundraising and provides grant writing support to help our chapters secure necessary funding.since our inception, we have successfully mentored over one thousand startups and small businesses, helping them achieve sustainability and growth. Our Mentoring approach has contributed to job creation and economic development within The communities we serve.the vmt's operations are funded through program fees, donations, and grants from our community partners including universities, foundations, government and corporate sponsors. In select situations, we defer fees to enable partners to launch new chapters prior to securing funding.

Who funds The Venture Mentoring Team

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Round It Up AmericaCommunity Service Programs$129,175
Listen Learn Care FoundationTo Further Charitable Purpose$50,000

Personnel at The Venture Mentoring Team

NameTitleCompensation
Robert NelsonChief Executive Officer$0
Roger HossChief Evangelist VMT Membership Committee
Terri-Ann BrownDirector of Community Development VMT Membership Committee$71,458

Financials for The Venture Mentoring Team

RevenuesFYE 12/2023
Total grants, contributions, etc.$33,555
Program services$88,900
Investment income and dividends$4,755
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$127,210

Form 990s for The Venture Mentoring Team

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-22990View PDF
2022-122023-08-04990View PDF
2021-122022-08-15990View PDF
2020-122021-06-04990EZView PDF
2020-122021-05-20990View PDF
...and 4 more Form 990s

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Data update history
September 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 20, 2023
Updated personnel
Identified 2 new personnel
May 21, 2023
Received grants
Identified 2 new grant, including a grant for $264,000 from Round It Up America
May 17, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Employment organizationsBusiness and community development organizationsCharities
Issues
EducationBusiness and industry
Characteristics
Community engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
1310 Ne 27th Way
Pompano Beach, FL 33062
Metro area
Miami-Fort Lauderdale-Pompano Beach, FL
County
Broward County, FL
Website URL
thevmt.org/ 
Phone
(954) 562-7237
IRS details
EIN
81-5139940
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Independent
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